Down and up volatility
Yesterday, China was negative for AUDUSD. Today, not so much. The pair initially fell sharply however, but after falling to new lows going back to April of 2009, that break failed and the rally was on. The price is now up testing the underside of the broken trend line at the 0.7382 level. Is that enough? Look for sellers with a stop above the earlier day high. There should be a mini battle.
